Varmora Granito Ltd IPO
Price Range
₹140 - ₹148
-
Min. Quantity
101 Shares
Closes on
September 24, 2026
-
Min. investment
₹14,948
Varmora Granito Ltd IPO Timeline
| Event | Date |
|---|---|
| Varmora Granito Ltd IPO Opening Date | September 22, 2026 |
| Varmora Granito Ltd IPO Closing Date | September 24, 2026 |
| Basis of Allotment | September 25, 2026 |
| Initiation of Refunds | September 28, 2026 |
| Credit of Shares to Demat | September 28, 2026 |
| Varmora Granito Ltd IPO Listing Date | September 29, 2026 |
Varmora Granito Ltd IPO Details
| Varmora Granito Ltd IPO Date | September 22, 2026 to September 24, 2026 |
| Varmora Granito Ltd IPO Face Value | ₹2 per share |
| Varmora Granito Ltd IPO Price | ₹140 to ₹148 per share |
| Varmora Granito Ltd IPO Lot Size | 101 |
| Issue Size | Shares of ₹2 (aggregating up to ₹687.05 Cr) |
| Fresh Issue | Shares of ₹2 (aggregating up to ₹320 Cr) |
| Offer for Sale | Shares of ₹2 (aggregating up to ₹388.02 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Bhavesh Vallabhdas Varmora, Hiren R Varmora, Pramodkumar Parsotambhai Patel |
Varmora Granito Ltd IPO Lot Size
The Varmora Granito Ltd IPO lot size is 101 shares. A retail-individual investor can apply for up to 13 lots (1,313 shares or ₹1,94,324).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 101 | ₹14,948 |
| Maximum | 13 | 1,313 | ₹1,94,324 |
- Strengths
- Risks
- Opportunities
- Established player operating in the tile industry in India in a large attractive market.
- Comprehensive premium product portfolio.
- Customer centric innovation led approach resulting in multiple new product launches.
- Well diversified pan-India distribution network focused on EBOs that strengthen our brand recall.
- Strategically located and technologically advanced in-house manufacturing to maintain control over quality and supply chain.
- Entrepreneurial founder led management team, independent Board with strong focus on sustainability.
Company Financials
Varmora Granito Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2025 | 1,427.77 | 1,363.91 | 28.83 |
| 03-2024 | 1,325.91 | 1,322.73 | 42.35 |
| 03-2023 | 1,067.12 | 1,278.81 | 46.62 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment/ pre-payment, in full or in part, of all or certain outstanding borrowings and accrued interest thereon availed by the company
- our wholly-owned subsidiaries namely Covertek Ceramica Private Limited and Varmora Sanitarywares Private Limited (formerly, Varmora Sanitarywares LLP), and of our Subsidiary, Simola Tiles LLP, through investment in such Subsidiaries
- General corporate purposes
Varmora Granito Ltd IPO Promoter Holding
| Pre Issue Share Holding | 9.47% |
| Post Issue Share Holding | 8.56% |
Varmora Granito Ltd IPO Subscription Status (Bidding Detail)
The Varmora Granito Ltd IPO is subscribed 0 times on September 24, 2026 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | - |
Varmora Granito Ltd IPO Prospectus
Varmora Granito Ltd IPO Listing Date
| BSE Script | - |
| NSE Symbol | - |
| Listing In | BSE, NSE |
| ISIN | INE0M5301040 |
| IPO Price | ₹0 |
| Face Value | ₹2 |
Company Contact Information
8-A National Highway DhuvaTaluka Wankaner,Rajkot-363641
Phone: +91 99099 13657
Email: investor.relations@varmora.com
Website: www.varmora.com
Varmora Granito Ltd IPO Registrar
Varmora Granito Ltd IPO Lead Manager(s)
- JM Financial Limited
- Goldman Sachs (India) Securities Private Limited
- SBI Capital Markets Limited
How to Check the Allotment Status of Varmora Granito Ltd IPO?
To check the IPO allotment status, follow these steps:
- Visit the official website of the IPO registrar.
- Navigate to the IPO Allotment Status page.
- Select “Varmora Granito Ltd” from the list of available IPOs.
- Enter any one of these - PAN Number, Application Number, DP/Client ID.
- Click on Submit to view your allotment status.
About Varmora Granito Ltd IPO
Varmora Granito Limited was originally incorporated as 'Varmora Granito Private Limited' dated November 18, 2003, at the Registrar of Companies, Gujarat, Dadra and Nagar Haveli. The name of Company was changed to 'Varmora Granito Limited' and a fresh certificate of Incorporation was issued on May 14, 2025, by the Registrar of Companies, Gujarat at Ahmedabad.
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